The world could be a much better place, I agree.
First of all, income splitting is I think partly a philosophical issue, and I don't want to get into that. I'd rather focus my response on the other issue.
The tax-free savings plan I think in principle is a good thing, but I think the take-up rates are not high. That exactly reflects part of the problem.
Similarly, the pooled registered savings plan I think had great potential. It just didn't go nearly far enough nearly soon enough. The reason is that it requires the employer, first of all, to be on board. The employer actually has to take the initiative. If you're a worker out there, and you want to be part of a savings scheme, you have to be with an employer who actually wants to be part of this. As well, the transferability across plans is not what it could or should be.
So if I'm looking at a vehicle, yes, I agree that in that direction it is a collective scheme. But the one that goes further, that allows every worker to participate, and that allows for greater transferability from one job to another to another will get more people saving the amount they want to save.